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Is this a Putsch?  Are you trying to take over ET?  What have you got against our Jerome?  ;-)

More seriously, this is going to become a huge issue in Ireland as well.  The no. 3 Bank- Anglo Irish, has just been nationalised.  The Government is still ideologically opposed to Nationalising the big two but their share price has collapsed so much that the biggest, AIB, is now worth €-1.5 Billion if you strip out its foreign subsidiaries.    That's right, that's a minus in there.

Clearly the market thinks they are now worthless.  So why would anyone invest in them, and how can they continue to operate as traditional private businesses?

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Jan 21st, 2009 at 02:45:07 PM EST

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